Zurich, Switzerland (03.09.2018) – A leading European Fund Services company have announced that, following completion of a successful parallel run in Q2, they will be running live from Q3 2018 on the Quartal COMMISSION platform. Acting as a one-stop shop for cross-border fund distribution Quartal’s customer provides a package of services covering, amongst others, legal representation, global fund registration and Distribution Network Management (DNM). Representing in excess of 1,400 funds across more than 20 EU and off-shore jurisdictions, the DNM provides un-paralleled access to over 300 distributors with 2000+ representative offices. Quartal COMMISSION will be used to automate the calculation and disbursement of trailer fees, platform fees and sales commissions as an integral component of the DNM solution. This service allows fund owners to select the appropriate distribution channels for their chosen products. Fully integrated with its existing distribution network of platforms, banks and other providers, the DNM solution serves multiple markets ensuring products are immediately available across the chosen channels.

Quartal’s COMMISSION solution was chosen following a rigorous, tender-based, business-driven selection process. Deployed as a cloud-based, fully managed service, Quartal’s platform delivers tangible business benefits, including:

  • The ability to accommodate the client’s aggressive growth plans, without a proportionate increase in IT infrastructure costs
  • Lower operating costs and improved efficiencies through the automation of manually intensive processes
  • Significantly enhanced workflow automation and control to ensure adherence to contractual SLAs
  • Greater data transparency and enhanced access to improve management information and client self-service capabilities

Thierry Zuppinger, CEO at Quartal Financial Solutions commented, “Our client’s business is growing at close to 35% per annum and they are committed to ensuring continued delivery of the highest quality of service to their customers. As such, it was imperative that they chose the right partner to support their strategic goals, both now and in the future; in Quartal they believe they have found that strategic partner”.